Founder of MicroStrategy: Bitcoin’s future is worth $10 million
Michael Saylor, the founder of MicroStrategy, recently gave an interview to a podcast and talked about the advantages of Bitcoin and its future price prediction. This time he gave a rather exaggerated figure of US$10 million.
Thaler also boldly predicted that the Chinese government and people will fully accept Bitcoin, which is why he predicted that Bitcoin will reach $10 million in the future.
According to statistics from the Bitcointreasuries website, MicroStrategy currently holds 226,331 Bitcoins, worth approximately $14 billion, making it the largest holding among listed companies.
While predicting that Bitcoin will hit tens of millions of dollars, Thaler also added this:
"What is the difference between perfect money and imperfect money? Perfect money is economic immortality. Imperfect money will make our lives short and difficult."
Thaler clearly believes that Bitcoin is the future of money and could even make businesses immortal. From an economic perspective, after the emergence of Bitcoin, many values and concepts have become obsolete:
"Before Satoshi Nakamoto appeared, economics was a pseudoscience. It was a semi-religious liberal arts, full of people's opinions and prejudices. All economists before Satoshi Nakamoto were using shells and glass beads. , pieces of paper and instruments of credit to set economic laws.”
Will investing in Bitcoin immortalize your business?
Thaler believes companies that invest in Bitcoin will outlive those that struggle. He pointed out:
“The average lifespan of a company is 10 years. We are talking about eliminating the ‘corporate mortality rate.’ We are talking about how to easily expand economic vitality 10 times, or 100 times, or 1 million times.”
According to an exclusive interview with Taiwan media "Financial News", MicroStrategy was originally a troubled and unremarkable business software company. Although it had business, cash flow and loyal customers, its revenue growth had stagnated, causing the capital market to be uninterested in it. .
While looking for a way out, Thaler discovered Bitcoin. He believes that Bitcoin is a dominant digital currency and network with high growth and monopoly characteristics, so he made a bold decision: to achieve transformation by continuing to "acquire" Bitcoin.
Bitcoin strategy turns micro-strategy into a booming stock
Judging from the current results, Thaler’s Bitcoin strategy is quite successful. Although the micro-strategy stock has become a stock linked to the price of Bitcoin, it has also gained attention from the capital market and the cryptocurrency field. TradingView quotes show that since the implementation of the Bitcoin strategy, MicroStrategy’s stock price has increased more than 7 times.
MicroStrategy has even launched Microstraegy Orange, a Bitcoin-based decentralized identity (DID) protocol that allows users to manage digital identities without going through intermediaries, transforming them from mere investors to developers who contribute to Bitcoin applications. .
[Disclaimer] There are risks in the market, so investment needs to be cautious. This article does not constitute investment advice and users should consider whether any opinions, views or conclusions contained in this article are appropriate for their particular circumstances. Invest accordingly and do so at your own risk.
